MARTIN-VOLZ

Operated by HILCORP ENERGY COMPANY (P-5 386310) in the BENAVIDES (LOBO CONS.) field. Every figure below is a volume the Railroad Commission published, multiplied by a monthly price you can check.

Gas lease lease 159241District 04Field 070784752 tax incentive programmesCondensateGasSaveExport
Value, all time
$18.4 M
May 1996 – May 2026
Value, last 12 filed months
$98 k
at the published price for each month
Months reported
361
no gaps in the span
Streams
2
condensate, gas

The Railroad Commission's own record for the field this lease produces from, including the spacing rule that governs how close together its wells may be drilled.

These are facts about the field, not about this lease. The field holds 247 leases and 247 wells, and the rule below applies to all of them.

Discovered
1998-02-24
as the register files it
Field class
Gas
the register's own label
Between wells
1,200 ft
minimum
From a lease line
467 ft
minimum

A drilling unit in this field needs at least 40 acres. The field rule took effect on 2010-11-02.

The Commission's schedule remark for this field reads: PERMITTED/DRILLED/COMPLETED ON THE SAME LEASE.

Severance-tax incentive filings

Applications the operator filed to have this lease's gas taxed at a reduced state rate. A filing is an application, and this page never calls one a reduction that was granted.

ProgrammeFilingsWith an approval dateDatedDocket
High Cost Gas111996-09-05135404
NGPA1none

This says nothing about a royalty. A severance tax is charged to the operator. Whether a reduced rate reaches a royalty owner depends on the wording of the lease instrument, which is a private contract this site does not hold.

What this lease produced, and what it was worth

Oil and condensate are valued on the volume the state records as disposed of; gas and casinghead gas on the volume produced. They are different columns of different files, and the difference is not cosmetic.

StreamBasisVolumeValue
CondensateDisposition69,406 bbl$2,206,641
GasProduction4,902,075 Mcf$16,220,161
Total$18,426,802

642,696 Mcf of this lease's gas, across 8 months, carries no value here. No free Texas wellhead gas price exists before 1997, so those months are left out of the total rather than valued at zero. The total above is therefore a floor, not an estimate.

Wells on this lease (1)

Every wellbore the Railroad Commission records against this lease key, with the depth, the last completion and the plug date exactly as filed. A well with no plug date is not stated to be producing — the state files no such flag.

These wells centre on 27.5597, -99.1472. A lease has no coordinate of its own — that point is the mean of its wells, and they span 0.0 miles.

27.55970, -99.14723 · centre of the wells drawn, derived

What these wells add up to

Every figure below is counted over all of this lease's wells, not over the rows listed above. The Railroad Commission files two facts about a well's state — a plug date and a proration-schedule flag — and a well can carry both, so they are published as separate counts and never merged into a status.

On the schedule
0.0%
0 of 1 wells
With a plug date
0.0%
0 of 1 wells
Median depth
8,710 ft
1 wells filed one
Completion to plug
no well filed both dates

What the state filed about each well

On the RRC proration schedule
00.0%
A plug date is filed
00.0%
BothOn the schedule and plugged. Neither fact cancels the other.
00.0%
NeitherNo plug date, and not on the schedule.
1100.0%

A plug date is the date the Commission recorded the wellbore as sealed with cement and abandoned. It is the only end-of-life fact Texas files. There is no "active" flag on a well, so this page does not print one — a well with no plug date is not stated to be producing.

How deep they were drilled

The one well that filed a depth was drilled to 8,710 ft.

Completions filed
May 1996
1 of 1 wells

1 well

42-4793645618,710 ftMay 1996

The API number is the state's, prefixed 42 for Texas. A well is matched to this lease by the lease key the Commission files on the wellbore record, so a well that has moved between leases appears under each one it was filed against.

Every month this lease reported (361)

Volume × price = value, one row per cycle. The price columns are the same series published on the prices page — nothing here is modelled.

361 months

May 202601,147106.413.05$3,494
Apr 202601,88798.932.87$5,415
Mar 20261531,97889.753.15$19,961
Feb 202601,97163.503.75$7,392
Jan 202601,88359.138.00$15,060
Dec 202501,69656.664.41$7,485
Nov 202502,07658.593.93$8,151
Oct 202503,67259.383.30$12,135
Sep 202502,59162.743.08$7,972
Aug 202501,85963.933.01$5,604
Jul 202501,53666.743.32$5,092
Jun 20250066.483.13$0
May 202501,51760.553.23$4,903
Apr 202501,64262.363.54$5,818
Mar 20251761,76367.704.27$19,440
Feb 20250070.884.34$0
Jan 202502,39874.324.28$10,260
Dec 202402,39368.993.12$7,469
Nov 202402,49169.052.20$5,476
Oct 202402,76871.372.28$6,315
Sep 2024652,98969.612.36$11,592
Aug 202403,12375.632.06$6,445
Jul 202402,60279.932.15$5,585
Jun 20241252,19478.082.63$15,539
May 202403,16478.812.20$6,956
Apr 202402,85584.451.66$4,737
Mar 202402,48280.301.55$3,835
Feb 202402,01376.091.78$3,590
Jan 202401,41573.023.30$4,666
Dec 202302,84171.262.61$7,417
Nov 202302,50277.892.81$7,025
Oct 202302,70485.443.09$8,348
Sep 202303,42989.042.74$9,378
Aug 202303,41280.522.67$9,120
Jul 202303,16974.852.64$8,372
Jun 202302,64368.962.26$5,969
May 202302,15470.622.23$4,798
Apr 202301,85178.122.24$4,142
Mar 2023442,69672.852.39$9,657
Feb 202302,71075.112.47$6,682
Jan 202301,92976.533.39$6,535
Dec 202203,37076.415.73$19,307
Nov 202202,10085.005.65$11,857
Oct 202201,98387.185.86$11,628
Sep 202202,51884.888.16$20,556
Aug 202202,57094.529.13$23,457
Jul 202202,093101.587.54$15,786
Jun 202202,380115.097.98$18,986
May 2022343,305109.378.43$31,590
Apr 202202,917104.226.84$19,945
Mar 2022342,958108.885.08$18,718
Feb 202202,39091.054.86$11,613
Jan 2022111,80281.844.54$9,077
Dec 202102,59571.323.90$10,118
Nov 2021252,57377.435.24$15,410
Oct 202102,90679.795.71$16,605
Sep 202102,80569.865.35$15,009
Aug 202103,31166.024.22$13,974
Jul 202102,90570.783.98$11,568
Jun 202102,94669.493.38$9,959
May 202103,51763.483.02$10,613
Apr 202103,66060.362.76$10,096
Mar 202104,05961.302.72$11,028
Feb 202103,18857.805.55$17,687
Jan 202104,09850.412.81$11,516
Dec 202003,73044.642.68$9,979
Nov 202003,30638.772.71$8,948
Oct 202003,84536.972.48$9,530
Sep 202004,28037.091.99$8,522
Aug 202004,20639.982.39$10,032
Jul 2020303,80638.371.83$8,098
Jun 202004,12334.901.69$6,969
May 202004,27616.921.81$7,760
Apr 2020583,67614.751.80$7,488
Mar 202003,98930.341.86$7,405
Feb 202004,13549.881.98$8,190
Jan 202004,49157.252.09$9,407
Dec 2019544,06859.012.30$12,561
Nov 201904,10955.302.75$11,303
Oct 201903,44353.472.42$8,327
Sep 201903,31255.052.66$8,801
Aug 201904,01053.112.30$9,240
Jul 201904,28756.272.46$10,546
Jun 201905,07752.782.49$12,648
May 201905,73158.482.74$15,705
Apr 201904,46962.632.75$12,293
Mar 201904,82956.803.06$14,787
Feb 2019604,49050.852.79$15,588
Jan 201905,90146.033.23$19,049
Dec 201806,02546.594.19$25,217
Nov 201805,32652.934.24$22,568
Oct 201805,76661.443.40$19,593
Sep 201804,01759.543.11$12,485
Aug 201827059.403.07$1,604
Jul 201804,84065.142.93$14,190
Jun 201803,73060.183.08$11,477
May 201803,59265.382.90$10,420
Apr 2018183,41463.842.90$11,052
Mar 201803,76861.222.79$10,501
Feb 201803,71961.782.77$10,287
Jan 201803,18662.874.01$12,774
Dec 2017193,85857.272.92$12,359
Nov 201703,85055.423.12$12,006
Oct 201704,23649.292.98$12,639
Sep 2017011,04047.523.09$34,084
Aug 201703,00945.373.00$9,040
Jul 20170043.873.09$0
Jun 201704,03442.493.09$12,454
May 2017653,72045.373.26$15,089
Apr 201704,93547.933.21$15,849
Mar 201705,51746.772.98$16,461
Feb 201704,68750.452.95$13,839
Jan 201705,82249.413.42$19,904
Dec 2016824,20548.763.72$19,653
Nov 2016516,23842.492.64$18,662
Oct 201604,81946.193.09$14,892
Sep 201602,28941.553.10$7,097
Aug 20161913,64141.442.92$18,563
Jul 20161905,39741.622.92$23,690
Jun 20161966,73745.352.69$26,983
May 20161251,71942.521.99$8,738
Apr 20161535,78036.561.99$17,102
Mar 2016776,16833.011.79$13,607
Feb 201605,60626.472.06$11,569
Jan 201605,86827.352.36$13,874
Dec 2015784,67232.362.00$11,875
Nov 2015755,13338.792.17$14,034
Oct 201505,31343.552.43$12,892
Sep 20151585,21342.992.76$21,172
Aug 20151366,09140.162.87$22,958
Jul 201506,04748.152.95$17,809
Jun 20151295,54056.152.88$23,214
May 2015625,81055.212.96$20,594
Apr 20151255,89349.822.71$22,177
Mar 201505,94642.892.93$17,450
Feb 2015645,00644.662.98$17,757
Jan 20151304,84743.433.10$20,675
Dec 20141326,74054.693.59$31,425
Nov 2014655,73770.464.25$28,973
Oct 201404,90578.303.90$19,134
Sep 20141084,87586.164.05$29,027
Aug 2014655,82189.394.04$29,299
Jul 20141255,95996.564.18$36,976
Jun 201415,02598.164.74$23,901
May 2014934,71394.734.73$31,086
Apr 2014394,89995.944.81$27,302
Mar 2014315,37495.895.06$30,148
Feb 2014275,08497.406.19$34,110
Jan 201415,30590.404.86$25,877
Dec 2013726,16291.824.35$33,443
Nov 2013306,42688.853.74$26,688
Oct 2013326,11497.423.78$26,224
Sep 201315,636104.113.72$21,057
Aug 2013346,043104.253.52$24,832
Jul 2013405,578102.523.72$24,838
Jun 2013915,68094.403.93$30,932
May 2013426,36894.834.15$30,404
Apr 2013445,22993.964.28$26,528
Mar 201305,86793.623.91$22,957
Feb 2013545,00091.233.42$22,026
Jan 201305,56191.603.42$19,018
Dec 20121106,03786.773.42$30,192
Nov 2012556,40986.953.62$28,015
Oct 2012566,82489.383.40$28,205
Sep 20121086,76994.672.92$29,979
Aug 201206,37492.662.91$18,537
Jul 2012536,47085.133.02$24,056
Jun 2012486,10779.822.52$19,215
May 20121116,12991.612.49$25,420
Apr 201205,486101.652.00$10,954
Mar 20121265,984105.052.22$26,533
Feb 2012636,483101.102.57$23,032
Jan 20121246,26398.092.73$29,287
Dec 2011707,07896.873.24$29,712
Nov 20111307,40695.723.31$36,967
Oct 20111957,16384.983.65$42,706
Sep 201106,57183.623.99$26,191
Aug 2011887,15983.404.15$37,044
Jul 2011806,51094.144.52$36,938
Jun 20111386,45592.904.64$42,771
May 20111237,02798.134.40$43,023
Apr 2011546,175105.964.33$32,480
Mar 2011576,88196.364.06$33,411
Feb 2011566,33285.644.18$31,263
Jan 20111147,43186.504.59$43,960
Dec 20101087,02285.734.35$39,789
Nov 2010497,00680.843.80$30,551
Oct 20101026,94378.103.51$32,328
Sep 2010576,56672.633.98$30,269
Aug 2010916,96373.684.42$37,477
Jul 20101145,08872.554.74$32,370
Jun 2010486,74970.364.91$36,518
May 2010847,69071.124.24$38,543
Apr 2010526,84581.694.12$32,468
Mar 20101657,31678.394.39$45,042
Feb 2010625,35973.585.44$33,728
Jan 20101656,54674.365.96$51,310
Dec 20091007,05971.445.48$45,854
Nov 2009537,41774.593.75$31,778
Oct 2009538,08672.544.11$37,080
Sep 2009537,52965.543.06$26,548
Aug 20091038,43267.423.22$34,083
Jul 20091128,27461.133.46$35,512
Jun 20091267,22866.163.90$36,489
May 200905,20854.743.93$20,445
Apr 20091337,15946.773.59$31,903
Mar 20091408,27342.144.06$39,480
Feb 2009628,12532.814.63$39,677
Jan 20092079,35035.865.37$57,642
Dec 20081399,39337.105.98$61,300
Nov 20081357,23555.496.86$57,126
Oct 20081368,31275.246.92$67,768
Sep 2008688,426101.767.88$73,292
Aug 20082039,046114.228.48$99,924
Jul 20081419,197131.0811.39$123,231
Jun 20081439,365131.3313.03$140,831
May 2008698,912123.1711.57$111,649
Apr 20081448,127110.3110.45$100,851
Mar 20081519,179101.909.66$104,093
Feb 20081568,98992.538.77$93,273
Jan 20081399,90090.388.21$93,800
Dec 2007629,65588.337.30$75,977
Nov 20071269,17991.677.29$78,481
Oct 2007629,99282.856.92$74,301
Sep 20071809,85475.846.24$75,181
Aug 20076410,21269.066.39$69,653
Jul 200720212,83870.906.39$96,330
Jun 200708,48262.007.55$64,026
May 2007571,08658.747.85$11,869
Apr 20071959,20359.617.81$83,455
Mar 20071399,82456.927.30$79,646
Feb 20072119,47355.108.22$89,456
Jan 200714010,60450.306.73$78,374
Dec 200619010,03056.656.92$80,155
Nov 200617610,90154.207.62$92,577
Oct 200622612,64354.906.01$88,440
Sep 20068712,36660.085.04$67,517
Aug 200623711,89768.717.34$103,607
Jul 200626012,74569.376.34$98,875
Jun 20063709,34966.286.38$84,206
May 200608,38766.016.42$53,886
Apr 20066179,13064.397.36$106,930
Mar 200623013,07556.707.08$105,650
Feb 2006989,80457.597.75$81,636
Jan 200625910,09560.598.93$105,875
Dec 20051099,36654.9413.42$131,637
Nov 200522612,48754.6910.59$144,577
Oct 200529110,57558.3413.80$162,867
Sep 200519010,32561.4512.08$136,391
Aug 20051078,89561.519.80$93,724
Jul 20051877,68855.697.84$70,716
Jun 20054510,33652.337.38$78,645
May 200510812,14445.226.65$85,655
Apr 2005649,32649.207.36$71,793
Mar 20057610,93750.377.15$82,081
Feb 20054911,99545.226.31$77,927
Jan 2005969,29843.166.32$62,927
Dec 20048715,01839.866.75$104,856
Nov 200413111,48045.286.33$78,605
Oct 200425013,52349.706.52$100,529
Sep 20043279,50643.245.28$64,368
Aug 200412710,05342.375.55$61,182
Jul 200422810,42738.286.08$72,168
Jun 20042629,97136.106.43$73,602
May 200419611,68837.486.49$83,255
Apr 200431512,41834.475.86$83,608
Mar 200419115,07134.365.53$89,908
Feb 200425413,84632.455.51$84,529
Jan 200425715,48932.036.30$105,807
Dec 200337014,69830.266.30$103,818
Nov 200325614,05128.804.60$71,939
Oct 200319011,56128.174.76$60,379
Sep 200324215,27426.314.75$78,909
Aug 200319314,91229.765.13$82,238
Jul 200319314,90329.415.17$82,737
Jun 200320314,56428.565.98$92,934
May 20037618,50526.595.97$112,545
Apr 20039616,77526.675.41$93,267
Mar 20035916,10431.146.10$100,008
Feb 200311814,16033.487.93$116,181
Jan 20038015,81830.315.58$90,722
Dec 20029918,47926.914.85$92,357
Nov 200213218,33024.664.14$79,086
Oct 200217418,83026.464.23$84,238
Sep 200211918,23927.443.64$69,568
Aug 200215018,55925.963.16$62,618
Jul 200218224,44724.583.06$79,324
Jun 200218016,33223.733.34$58,792
May 200211117,42324.663.58$65,181
Apr 200210217,47023.653.51$63,773
Mar 20028122,71022.003.10$72,245
Feb 2002125,74818.222.38$13,874
Jan 200225017.172.38$429
Dec 20011037,74616.932.36$20,058
Nov 20019817,91018.072.41$44,854
Oct 20018418,63319.782.53$48,782
Sep 20017117,98224.262.25$42,206
Aug 20018119,40224.873.05$61,252
Jul 200113720,51723.933.20$68,873
Jun 20019520,19024.563.82$79,543
May 200115419,05625.524.31$86,010
Apr 200111620,90824.685.34$114,414
Mar 200113522,20724.545.38$122,708
Feb 200116020,23427.755.77$121,131
Jan 200112221,15727.478.40$181,044
Dec 200018423,27426.889.12$217,263
Nov 200018321,62532.215.66$128,249
Oct 200013923,20231.235.15$123,727
Sep 200012221,57931.875.19$115,808
Aug 200016223,93329.644.54$113,475
Jul 200013724,72728.534.09$105,036
Jun 200019323,17429.304.40$107,557
May 200018325,02827.263.68$97,085
Apr 200018324,89824.513.12$82,068
Mar 200022126,78928.422.86$82,891
Feb 200019124,82227.622.73$72,953
Jan 200022228,07025.272.48$75,238
Dec 199923428,95324.282.42$75,855
Nov 199920527,72023.192.43$72,224
Oct 199924930,10720.982.80$89,635
Sep 199919130,77121.752.62$84,739
Aug 199921732,88819.262.88$98,752
Jul 199926434,85917.892.37$87,421
Jun 199922033,57515.942.36$82,814
May 199926435,87415.792.32$87,433
Apr 199927737,30415.102.21$86,552
Mar 199924239,02612.471.84$74,760
Feb 199921337,5349.981.82$70,355
Jan 199929544,60510.381.90$87,809
Dec 199830752,9709.201.77$96,757
Nov 199829050,94110.892.19$114,501
Oct 199832942,18112.421.97$87,149
Sep 199833743,83412.592.08$95,532
Aug 199836144,47011.301.91$88,899
Jul 199840647,26011.742.24$110,500
Jun 199838144,09811.242.24$102,942
May 199840350,55512.622.21$116,627
Apr 199859152,70513.042.51$139,750
Mar 19981,35853,06812.802.31$139,940
Feb 199891843,60413.952.30$113,057
Jan 19981,00254,38314.702.15$131,913
Dec 19971,11156,08416.322.41$153,356
Nov 19971,05359,08618.193.09$201,627
Oct 19971,37467,52019.253.15$239,125
Sep 19971,31064,34017.742.95$213,356
Aug 19971,45363,33617.862.55$187,758
Jul 19971,67965,71617.582.25$177,177
Jun 19971,60367,59817.242.26$180,218
May 19971,76571,31118.972.31$198,103
Apr 19971,55371,01917.882.08$175,685
Mar 19971,87580,43118.951.94$191,498
Feb 19971,49162,70820.492.21$168,878
Jan 19971,88970,61423.483.54$294,306
Dec 19961,93572,95123.32$45,124
Nov 19962,01676,44321.97$44,292
Oct 19962,77184,25323.31$64,592
Sep 19962,91688,33022.22$64,794
Aug 19963,068113,43720.26$62,158
Jul 19962,152107,47619.55$42,072
Jun 19961,58998,92318.73$29,762
May 1996088319.43$0

How to read this page

The arithmetic is one multiplication per stream per month. Here it is, worked, on a real row from the table above.

May 2026 — as filed, then multipliedworked
Condensate             0 bbl  × $106.41 =         $0
Gas                1,147 Mcf  × $  3.05 =     $3,494

────────────────────────────────────────────────────
Month total                                   $3,494

The volumes are the state's, unchanged

Every barrel and every Mcf on this page is a number the Railroad Commission of Texas published in its monthly production query. Nothing is modelled, estimated or filled in.

The dollars are a multiplication, not a valuation

Volume × a published monthly price. It is not what the operator was paid: it takes no account of a contract, a differential, a transportation deduction, or the share any one owner holds.

Oil and gas are priced differently

Oil is a Texas realisation — the crude oil first purchase price. Gas is a benchmark, because no free Texas wellhead gas series exists at any date. The prices page publishes the difference rather than correcting it away.

A lease is not a well

The state reports oil on lease and gas on well, and this page is the lease grain. 04/G/159241 is the state's own key, not one this site invented.